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RE: Proposal: reduce Hive inflation by reducing curation rewards

in Hive Improvement4 years ago (edited)

I appreciate very much what you are doing for HIVE @blocktrades. Regarding the topic of this post, I understand perfectly the inflation and reducing it can be a good thing if done well.
However I am worried about the incentives of Holding HIVE and powering up, some solution like the one described by @yabapmatt seems better for me.

A lot of blockchains are marketing the STAKING REWARDS better than us.
A system for staking and receiving rewards (higher than what we receive now for powering up), could work for people who do not want to vote 10 times a day.

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Yes, it's just more work, and I think its not much different, except it encourages staking just to receive rewards. Some people think that is a good thing, some don't. I'm not a huge fan of staking just as a gimmic to create scarcity, but I do think it does have usefulness for governance, as it tends to ensure governance is managed by long term versus short term thinking.

Isn't it ironic how 'staking' aka vesting was a fresh, new concept on STEEM and HIVE all those years ago and now it's absolutely everywhere in the crypto world.